JPMorgan and Morgan Stanley Show Trading Boomed During Early Tariff Turmoil -- WSJ

Dow Jones04-11

By David Benoit

Investment banks are wracking up revenue from wild market swings on President Trump's pronouncements on tariffs. And that's not even counting since "Liberation Day."

JPMorgan and Morgan Stanley both got huge boosts in their businesses helping clients trade equities in the first quarter, back when Mexico and Canada were the tariff headlines.

Revenue in JPMorgan's equity business rose 48% to a record $3.81 billion. At Morgan Stanley, it was up 45% to $4.13 billion.

Fixed-income trading revenue was also up at both banks, though that likely really picked up in the last week.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 11, 2025 07:41 ET (11:41 GMT)

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 11, 2025 07:41 ET (11:41 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BFXG1179.USD","symbol_name":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526668803","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526668803","pubTimestamp":1744371660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Investment banks are wracking up revenue from wild market swings on President Trump's pronouncements on tariffs. 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